Service Contracts , Earnings

Oilfield Service Outlook: Earnings Will be Driven by Everything, Everywhere, All at Once

International growth, along with offshore and strength in North America, propelled fourth quarter and 2022 earnings for oilfield service companies SLB, Baker Hughes and Halliburton.

January 27, 2023

Investment , Biofuels , Policy & Regulations

US Energy Department to Allocate $118 Million to Biofuels Projects

"DOE investments are helping to build out a domestic bioenergy supply chain that increases America's energy independence, creates jobs, and accelerates the adoption of cleaner fuels for our transportation needs," U.S. Secretary of Energy Jennifer M. Granholm said.

January 26, 2023

Business , Private Equity , Investment

Andros Capital Partners Closes Second Energy Fund at $750 Million

Citing the recovery of hydrocarbon demand, Andros Capital will target middle-market private equity, credit transactions between $100 million to $500 million with energy Fund II.

January 26, 2023

Business , Service Contracts , Liquefied Natural Gas

Expro Wins Eni Contract for Congo’s LNG Pre-treatment Plant

Expro’s 10-year agreement with Eni SpA will allow incremental gas production for low carbon electricity generation, the company said.

January 25, 2023

Service Contracts , Earnings , Liquefied Natural Gas

Baker Hughes Q4 Earnings Soar, But Miss Analyst Expectations

Baker Hughes earnings per share jump 46% over Q3, but analysts were disappointed they weren’t as high as they expected.

January 24, 2023

Investment , Exploration & Production

Chevron, Exxon and Total Keen to Invest in India, Says Minister

India is encouraging joint development production of oil and gas assets and investment in its domestic E&P sector, says Hardeep Singh Puri, Ministry of Petroleum and Natural Gas.

January 13, 2023

Investment , Legislation , Energy Transition

Qcells Lines Up $2.5 Billion for US Solar Supply Chain Buildout

South Korea’s Qcells plans to start building a new solar parts manufacturing facility in Georgia during first-quarter 2023 with commercial production set to begin late 2024.

January 11, 2023

Investment , Petrochemicals , Transactions

QatarEnergy, Chevron Reveal $6 Billion Qatar Investment

QatarEnergy and an affiliate of U.S.-based Chevron announced an FID to construct the Ras Laffan Petrochemicals Complex, a $6 billion integrated olefins and polyethylene facility in Ras Laffan Industrial City. 

January 10, 2023

Investment , Energy Transition

Iberdrola Partners with Abel for $1.17 Billion Australia Hydrogen Project

The Bell Bay Powerfuels project, run by Iberdrola and Abel Energy, is expected to reach final investment decision in 2024.

December 19, 2022

People , Investment , Policy & Regulations

Capricorn Shareholder Palliser Calls for Board Overhaul Meeting, Documents Show

Palliser Capital recommended the replacement of Capricorn Energy's CEO and CFO, among others, and recommended former BP North Africa regional president Hesham Mekawi and former Spirit Energy CEO Christopher Cox as replacement directors.

December 19, 2022